Convergence of Per Capita Energy Consumption Around the World: New Evidence From Nonlinear Panel Unit Root Tests

dc.authorscopusid 16032093400
dc.authorscopusid 23978235900
dc.authorwosid karadeniz yılmaz, yasemin/JQW-8370-2023
dc.authorwosid Romero-Ávila, Diego/K-4359-2017
dc.contributor.author Romero-Avila, Diego
dc.contributor.author Omay, Tolga
dc.contributor.other Economics
dc.date.accessioned 2024-07-05T15:17:39Z
dc.date.available 2024-07-05T15:17:39Z
dc.date.issued 2022
dc.department Atılım University en_US
dc.department-temp [Romero-Avila, Diego] Pablo Olavide Univ, Dept Econ, Ctra Utrera,Km 1, Seville, Spain; [Omay, Tolga] Atilim Univ, TR-06830 Ankara, Turkey en_US
dc.description.abstract This paper investigates the existence of stochastic and deterministic convergence in per capita energy consumption among the countries forming four income-level groups and a full sample of 110 countries over the 1971-2019 period. For that purpose, we employ six state-of-the-art nonlinear panel unit root tests with nonlinear dynamics that range from state-dependent nonlinearities such as ESTAR, AESTAR and TAR dynamics to timedependent nonlinearities of structural break form. We find consistent evidence supporting stochastic convergence among high-income and upper-middle-income countries according to two of the six panel tests. Concerning the stronger notion of deterministic convergence, three tests point to deterministic convergence among high-income countries, and only one supports this hypothesis among upper-middle-income countries. Lack of convergence across all country groups carries important policy implications concerning the achievement of SDG7 of the global 2030 Agenda for Sustainable Development that affects every single country in the planet. en_US
dc.description.sponsorship Spanish Ministry of Science, Innovation and Universities [ECO2017-86780-R]; Junta de Andalucia-FEDER [I+D+i project P20_00808, PAIDI SEJ-513] en_US
dc.description.sponsorship This work was supported by the Spanish Ministry of Science, Innovation and Universities [grant number ECO2017-86780-R, AEI/FEDER, UE]; and Junta de Andalucia-FEDER [grants number I+D+i project P20_00808, PAIDI SEJ-513]. en_US
dc.identifier.citationcount 8
dc.identifier.doi 10.1016/j.eneco.2022.106062
dc.identifier.issn 0140-9883
dc.identifier.issn 1873-6181
dc.identifier.scopus 2-s2.0-85130358859
dc.identifier.uri https://doi.org/10.1016/j.eneco.2022.106062
dc.identifier.uri https://hdl.handle.net/20.500.14411/1756
dc.identifier.volume 111 en_US
dc.identifier.wos WOS:000806807100015
dc.identifier.wosquality Q1
dc.institutionauthor Omay, Tolga
dc.language.iso en en_US
dc.publisher Elsevier en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 20
dc.subject Panel unit root tests en_US
dc.subject Energy consumption convergence en_US
dc.subject Nonlinearities en_US
dc.subject Time-dependence en_US
dc.subject State-dependence en_US
dc.subject LSTR process en_US
dc.subject ESTAR process en_US
dc.subject AESTAR process en_US
dc.subject Sign nonlinearity en_US
dc.subject Size nonlinearity en_US
dc.subject Structural breaks en_US
dc.subject 2030 Agenda for Sustainable Development en_US
dc.title Convergence of Per Capita Energy Consumption Around the World: New Evidence From Nonlinear Panel Unit Root Tests en_US
dc.type Article en_US
dc.wos.citedbyCount 18
dspace.entity.type Publication
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